On 8 July 2024, Moonshot AI (月之暗面) announced that it will use Alibaba Cloud for its cloud computing infrastructure. Moonshot AI is the developer of the Kimi chatbot, one of the most advanced Chinese large language model. 

That came weeks after Alibaba’s disclosure on 23 May 2024, that Alibaba has invested US$ 800m for 36% equity interest in Moonshot AI. That implies valuation US$ 2.2bn.

These are all great news for China Merchants China Direct Investments Limited (CMCDI, 133 HK). In December 2023, CMCDI invested US$ 10 million (series A) in Moonshot AI for a 1.29% equity interest.

That means CMCDI’s investment was done at a post-money valuation of approximately US$ 775 million. Alibaba’s investment was at 2.8x that.

As at 30 June 2024, CMCDI was marking the Moonshot AI position at $21 million, or 2.1x its cost. That accounts for 2.73 % of CMCDI’s total assets.

We, Argyle Street Management, congratulate (again) on the Fund’s well-timed investment in Moonshot AI.

💬 微信: ASM_Argyle

💬 WhatsApp: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com


2024 年 7 月 8 日,月之暗面 (Moonshot AI) 宣布将使用阿里云的云計算服务。月之暗面是 Kimi 聊天机器人的开发商,Kimi 是最先进的中文大型语言模型之一。

几周前,阿里巴巴于 2024 年 5 月 23 日披露,阿里巴巴已投资 8 亿美元收购月之暗面36%的股权。这意味着估值为 22 亿美元。

这对招商局中国基金 (中国基金, 133 HK) 来说都是好消息。2023 年 12 月,中国基金向 Moonshot AI 投资 1000 万美元(A 轮),获得 1.29% 的股权。

这意味着中国基金的投资后估值约为 7.75 亿美元。阿里巴巴的投资估值是中國基金的2.8 倍。

截至 2024 年 6 月 30 日,中国基金的月之暗面股份的账面值是2100万美元,是投资成本的2.1倍。这占 CMCDI 总资产的 2.73%。

我们 Argyle Street Management 再次祝贺该中国基金在月之暗面的成功投资。

💬 微信: ASM_Argyle

💬 WhatsApp ID: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com

One response to “👍 CMCDI’s investment in Moonshot has doubled in half a year / 招商局中国基金的月之暗面股份 半年涨价一倍”

  1. […] 月之暗面(Moonshot AI)在上个季度从1,000万美元增加到2,100万美元,占总资产的2.7%。这可能与阿里巴巴的一轮新投资有关,该投资的估值几乎是中国基金轮次的3倍。非常漂亮。 […]

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